Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a senior secured credit facility to support York Capital Management in their refinancing of APT Healthcare (“APT”), an outpatient physical therapy provider.

Founded in 2002 and headquartered in Glen Burnie, MD, APT offers a diverse array of services including physical therapy, chiropractic, orthopedic rehabilitation, aquatic therapy, and other ancillary services. APT’s unique marketing and revenue cycle capabilities position it as a leader in the workers’ compensation and personal injury payor segments. APT operates over 80 clinics across 11 contiguous markets, facilitating over ~550k annual visits.